Tag Archives: Flutter

Flutter moves to refine merger benefits against 2020 trading realities

Flutter Entertainment Plc has accelerated all corporate directives related to its merger integration with The Stars Group Inc (TSG), but conceded that its 2020 outlook remains ‘highly uncertain’ dependent on further COVID-19 outcomes and regulatory changes across various markets.  This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Publishing its 2020 interim …

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PokerStars moves to refresh global appeal with ‘I’M IN’

PokerStars has refreshed its marketing profile under the new ownership of FTSE100 Flutter Entertainment Plc by launching its new global advertising campaign – ‘I’M IN’.  Promoting PokerStars full product range of online poker, casino and sportsbook, I’M IN, is the first advertising campaign launched by the operator under the creative guidance of new marketing agency Anomaly. Last summer, the Stars …

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Flutter calls for £850m private placement capitalising on disruptions

Flutter Entertainment Plc has this afternoon confirmed that it plans to sanction a private placement of 8 million corporate shares made available to ‘institutional investors’. The enlarged FTSE100 gambling group seeks to raise a further £850 million in working capital, strengthening its liquidity to take advantage of the short and long-term opportunities presented by a disrupted marketplace. Confirming the placement, …

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Flutter begins ‘new era’ by completing merger with Stars Group

A new FTSE100 gambling giant was formed this morning, as Flutter Entertainment Plc confirmed the outright completion of its $11 billion merger with The Stars Group Inc (TSG).   Flutter has completed its six-month merger pursuit of TSG ‘on schedule’, securing all regulatory (Australia, UK and US) and shareholder approvals during the first half of 2020 trading.  Updating its timetable, the …

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BGC backs new action plan to quell DCMS concerns

Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has replied to UK Sports Minister Nigel Huddleston stating that UK gambling is committed to maintaining the highest operating standards. On Tuesday, Huddleston had penned a letter on behalf of DCMS to the leadership of the UK’s top five betting operators urging ‘further proactive steps’ to ensure gambling consumer …

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Flutter shareholders greenlight Stars Group merger

Closing Tuesday trading, Flutter Entertainment governance confirms that company shareholders have approved the FTSE100 firm’s merger bid with Toronto TSX rival The Stars Group Inc (TSG). This afternoon, Flutter governance confirmed that following the conclusion of its extraordinary general meeting, group investors backed the Flutter-TSG combination by 99%. The merger which seeks to create a new $11 billion global gambling …

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DCMS demands further ‘proactive steps’ to protect punters during lockdown

The government has urged UK gambling operators to ramp up its protection measures during the COVID-19 lockdown in a bid to mitigate what it has described as a “heightened risk of problem gambling”. In a letter to five chief executives of the largest gambling companies, the sports minister Nigel Huddleston (DCMS) has emphasised that “messages warning of risks and signposting …

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Flutter maintains confidence in Stars Group agenda 

FTSE100-listed Flutter Entertainment has underlined that its multi-billion pound merger with The Stars Group Inc (TSG) remains on track, as the group plans to undertake several COVID-19 adjustments.  Planning for 2020 disruptions, Flutter confirmed that it has secured a new debt arrangement which provides the company with access to a £1.3 billion revolving credit facility, supporting the group’s business continuity …

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Flutter backs strategy to navigate 2019 complexities 

Publishing its full-year 2019 results, the governance of FTSE100 Flutter Entertainment Plc has detailed confidence in the firm’s future growth prospects after closing a year of regulatory adjustments and sustainability challenges.   Citing strong international expansions, Flutter achieved record revenues of £2.14 billion, up 14% against corresponding FY2018’s £1.81 billion – a tough comparative period featuring World Cup trading. Flutter governance …

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Flutter secures Australian clearance for Stars Group merger

Flutter Entertainment Plc has received regulatory approval from the Australian Competition and Consumer Commission (ACCC) for its proposed merger with The Stars Group Inc.    The Australian competition clearance means Flutter has cleared a significant hurdle in its pursuit of a merger with The Stars Group, which it hopes to push through by Q3 2020. The ACCC had been forced to …

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